CIT vs H.P. State Forest Corpn. Ltd.
Penalty : Concealment of income v. valuation of stock-Plausible explanation by assessee-A.Y.1987-1988. The assessee deducted certain amount from valuation of closing stock on account of deterioration of old stock, on estimate. The claim t [LexDoc Id : 402277]
CIT vs D.S. Batra
Interest: Default in advance- tax-Regular asstt:- Law applicable-Ay-1987-1988. Prior to 1.4.1989, an order or an intimation under s.143(1)(a) was a “ regular asstt”. Therefore, interest under s.215 or under s.217 co [LexDoc Id : 401453]
HC (Allahabad)
2011
Ultra Marine Air Aids (P) Ltd. vs Inspecting Assistant Commissioner
Validity of re-asstt.-Later withdraw of approval by CBDT-The assessee made contributions to an institution then approved by the CBDT. The later withdrawal of approval with retrospective effect would not just [LexDoc Id : 401323]
AGR Investment Ltd. vs Addl. CIT and Anr.
Validity of re-asstt.-Hawala/ Accomodation enteries-A.Y.2003-2004. The information was received from investigation wing that the assessee took the benefit of hawala enteries. The A. O. had reason to bel [LexDoc Id : 401256]
JCIT vs Rolta India Ltd.
Chargeable interest-MAT Asstt.-A company subject to MAT was liable to pay advance tax and on failure liable to interest under s.234B and s.234C.
S.115JA, s.115JB, s.234B and s. [LexDoc Id : 401091]
CIT vs Jind Co-op Sugar Mills Ltd.
Power of CIT(A)-Additional evidence & Remand to A. O.-A.Y.2001-2002. The additional evidence filed before CIT(A) was sent to A. O. and its remand report was duly considered. There was no need to remand th [LexDoc Id : 410978]
HC (Punjab and Haryana)
2011
CIT vs T.O. Abraham and Co.
Validity of : Block asstt.-Unsigned asstt. order-The block asstt. was completed within the limitation period under s.158BE. It was not necessary to serve asstt. order within limitation under s.158BE. [LexDoc Id : 410390]
CIT vs Jai Drinks (P) Ltd.
Commision v. Discount-Discount to : Distributors-A.Y.2004-2005. The assessee was manufacturing and selling soft drinks. It was selling soft drinks to its distributors at prefixed price for sale in al [LexDoc Id : 402323]
